MCM Energy Partners acquires Battalion Oil assets

MCM Delaware Resources LLC, a subsidiary of MCM Energy Partners, has completed the acquisition of crude oil and natural gas assets from Battalion Oil Corporation. The acquired assets, totaling approximately 6,207 net acres in the West Quito Draw area of Ward County, Texas, are located in the Southern Delaware Basin, a part of the Permian Basin. This acquisition significantly expands MCM Energy Partners' operated inventory and development footprint, aligning with its strategy to build a premier, multi-bench development platform. The company plans to immediately integrate these assets into its existing development program, leveraging its technical expertise and infrastructure. In conjunction with the acquisition, MCM Energy Partners secured a new senior secured credit facility from Valor Upstream Credit Partners II, L.P., managed by Breakwall Capital LP in partnership with Vitol, to finance the acquisition and ongoing development. The transaction, valued at approximately $60.1 million, is expected to drive production growth and long-term value creation for MCM Energy Partners.